The housing market in Escanaba, MI is looking strong with a median value of $123,100. Compared to the US median value of $338,100, Escanaba is much more affordable. In addition to its affordability, the 1 year house appreciation rate in Escanaba is higher at 12.90% compared to the US average of 8.27%. This shows that the housing market in Escanaba is growing and is an attractive option for potential homebuyers who are looking for a good value.
The median home cost in Escanaba is $123,100. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Escanaba is up 23.1%.
Average Age of Homes
- The median age of Escanaba real estate is 72 years old
The Rental Market in Escanaba
- Renters make up 32.5% of the Escanaba population
- 1.3% of houses and apartments in Escanaba, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.